2333 Washington Ave
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2333 Washington Ave
2,078 SF 100% Leased Office Building Evansville, IN 47714 £236,700 (£114/SF) 8.93% Net Initial Yield
Investment Highlights
- Solid Investment
- Corner Location
- 100% Occupied
- High Traffic Area
Executive Summary
Mixed use property office/residential. Nestled in a vibrant commercial
area surrounding the property with attractions and amenities perfect
for a prospective office building investor. With easy access to major
roads, including the Lloyd Expressway, and close proximity to the
University of Evansville, the location offers convenience and potential
for your next office investment.
area surrounding the property with attractions and amenities perfect
for a prospective office building investor. With easy access to major
roads, including the Lloyd Expressway, and close proximity to the
University of Evansville, the location offers convenience and potential
for your next office investment.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£27,492
|
£13.23
|
| Other Income |
£2,370
|
£1.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£29,862
|
£14.37
|
| Taxes |
£2,646
|
£1.27
|
| Operating Expenses |
£6,044
|
£2.91
|
| Total Expenses |
£8,689
|
£4.18
|
| Net Operating Income |
£21,173
|
£10.19
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £27,492 |
| Annual Per SF | £13.23 |
| Other Income | |
|---|---|
| Annual | £2,370 |
| Annual Per SF | £1.14 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £29,862 |
| Annual Per SF | £14.37 |
| Taxes | |
|---|---|
| Annual | £2,646 |
| Annual Per SF | £1.27 |
| Operating Expenses | |
|---|---|
| Annual | £6,044 |
| Annual Per SF | £2.91 |
| Total Expenses | |
|---|---|
| Annual | £8,689 |
| Annual Per SF | £4.18 |
| Net Operating Income | |
|---|---|
| Annual | £21,173 |
| Annual Per SF | £10.19 |
Property Facts
Sale Type
Investment
Property Type
Building Size
2,078 SF
Building Class
B
Year Built
1940
Price
£236,700
Price Per SF
£114
Net Initial Yield
8.93%
NOI
£21,146
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
2,078 SF
Building FAR
0.19
Land Acres
0.25 AC
Zoning
CO-2
1 of 1
-
Scott Hyatt -
NAI Prime Commercial
(812) 900-7661
x101
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2333 Washington Ave
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